United Spirits Limited (UNITDSPR) AI Stock Analysis

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United Spirits Limited

(NSE:UNITDSPR)

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Rating:74Outperform

Price Target:INR 1,544.00▲(7.97% Upside)

Action:upgraded

Date:08/17/26

The score is driven primarily by strong financial quality (low leverage, high ROE, solid profitability) and supportive technical momentum (price above key moving averages with healthy RSI/MACD). These positives are meaningfully tempered by valuation risk, with a very high P/E and only a modest dividend yield.

Positive Factors

Strong balance sheet and low leverageVery low and improving leverage gives United Spirits financial flexibility to support brand investment, withstand operating volatility, and pursue growth without relying heavily on external financing. The expanding equity base also strengthens long-term balance-sheet resilience.

Negative Factors

Recent revenue softness and margin pressureThe latest revenue decline and year-over-year margin compression interrupt an otherwise strong multi-year trend. If weaker sales or profitability persists, United Spirits could have less operating leverage and reduced capacity to fund brand investment from internally generated earnings.

United Spirits Limited (UNITDSPR) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 1.04T
Dividend Yield: 1.20%
Average Volume (3M): 104.27K
Price to Earnings (P/E): 61.5
Beta (1Y): 0.64
Revenue Growth: 0.49%
EPS Growth: 0.86%
Country: India
Employees: 2,224
Sector: General
Sector Strength: 55
Industry: Beverages - Wineries & Distilleries

United Spirits Limited Business Overview & Revenue Model

Company Description

United Spirits Limited, an Indian enterprise, specializes in the manufacturing, procurement, and distribution of a wide array of alcoholic beverages and spirits across India and globally. Its product range features various categories such as Scotch w...

How the Company Makes Money

United Spirits makes money primarily by selling branded spirits to the trade (distributors, wholesalers, and retailers) in India. Its core revenue stream is the sale of its owned brands across categories (with whisky typically being the largest porti...

United Spirits Limited Financial Statement Overview

Summary

Strong overall fundamentals supported by a very strong balance sheet (low and improving leverage; consistently high ROE) and solid profitability trend over multiple years. Offsetting factors include FY2026 revenue softness and some margin compression versus FY2025, plus variability in operating cash flow versus earnings.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	126.29B	124.67B	120.13B	112.59B	105.54B	96.55B
Gross Profit	52.55B	48.69B	55.25B	51.17B	43.70B	42.34B
EBITDA	26.20B	26.66B	25.07B	22.08B	16.66B	14.78B
Net Income	16.58B	18.38B	15.82B	14.08B	11.37B	8.29B
Balance Sheet
Total Assets	0	144.69B	132.48B	112.49B	97.61B	89.11B
Cash, Cash Equivalents and Short-Term Investments	31.29B	31.34B	28.98B	18.61B	11.34B	2.77B
Total Debt	0	4.13B	4.80B	2.65B	1.83B	6.05B
Total Liabilities	-89.57B	55.12B	51.44B	41.28B	37.62B	40.37B
Stockholders Equity	89.57B	89.53B	81.04B	71.21B	59.99B	49.54B
Cash Flow
Free Cash Flow	8.50B	13.45B	17.85B	10.20B	4.78B	8.43B
Operating Cash Flow	9.39B	15.26B	19.47B	11.18B	6.15B	9.77B
Investing Cash Flow	-4.52B	-4.95B	-11.14B	2.26B	-550.00M	-3.13B
Financing Cash Flow	-9.56B	-14.50B	-5.57B	-4.07B	-5.00B	-6.88B

United Spirits Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price1430.00

Price Trends

50DMA1384.47Positive

100DMA1411.03Positive

200DMA1360.47Positive

Market Momentum

MACD0.82Negative

RSI59.56Neutral

STOCH90.10Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNITDSPR, the sentiment is Positive. The current price of 1430.00 is above the 20-day moving average (MA) of 1337.29, above the 50-day MA of 1384.47, and above the 200-day MA of 1360.47, indicating a bullish trend. The MACD of 0.82 indicates Negative momentum. The RSI at 59.56 is Neutral, neither overbought nor oversold. The STOCH value of 90.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:UNITDSPR.

United Spirits Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:UNITDSPR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UNITDSPR	74Outperform	INR 1.03T	61.50	―	1.20%	0.49%	0.86%
IN:ABDL	66Neutral	INR 197.84B	88.13	―	0.76%	-20.08%	-11.20%
IN:RADICO	66Neutral	INR 605.63B	76.69	―	0.20%	15.74%	73.87%
IN:TI	60Neutral	INR 120.40B	-156.84	―	0.21%	150.10%	-122.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GLOBUSSPR	52Neutral	INR 21.79B	22.06	―	0.94%	7.88%	295.37%
IN:ASALCBR	50Neutral	INR 11.23B	13.14	―	0.36%	-5.25%	-10.44%

* General Sector Average

Performance Comparison

IN:UNITDSPR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:UNITDSPR	United Spirits Limited	1430.00	13.22	0.93%
IN:ABDL	Allied Blenders and Distillers Limited	718.70	87.78	13.91%
IN:ASALCBR	Associated Alcohols & Breweries Ltd.	568.50	-440.05	-43.63%
IN:GLOBUSSPR	Globus Spirits Limited	701.30	-457.99	-39.51%
IN:RADICO	Radico Khaitan Limited	4550.00	1251.51	37.94%
IN:TI	Tilaknagar Industries Limited	484.80	-19.43	-3.85%

United Spirits Limited Corporate Events

United Spirits opens special window for transfer and demat of physical shares

Oct 14, 2026

United Spirits Limited notified the stock exchanges that it has published newspaper advertisements announcing a special window for the transfer and dematerialisation of physical shares. The disclosure, made to BSE and NSE, signals an administrative s...

United Spirits files SEBI demat compliance certificate with exchanges

Oct 6, 2026

United Spirits Limited has informed the stock exchanges that it has submitted a confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer...

United Spirits Completes Minority Investment in Nuvola Spirits

Sep 18, 2026

United Spirits Limited has completed an investment in Nuvola Spirits Private Limited through the allotment of 17,350 compulsorily convertible preference shares and 10 equity shares for a total consideration of INR 2.69 crore. This stake represents 10...

United Spirits opens SEBI special window for transfer and demat of old physical shares

Aug 18, 2026

United Spirits Limited has notified stock exchanges and investors about a SEBI-mandated special window for the transfer and dematerialisation of physical shares held in the company. The window applies to investors who bought physical shares before 1...

United Spirits Discloses Voting Results of 27th AGM

Aug 5, 2026

United Spirits Limited, part of Diageo India, operates in the alcoholic beverages industry, producing and marketing spirits for the Indian and global markets. Listed on BSE and NSE, the company serves a broad shareholder base, reflecting its role as...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

United Spirits Limited AI Stock Analysis